By Sarah Lizee
Olympia, Wash., Sept. 5 – GS Finance Corp. priced $2.15 million of 1% leveraged buffered notes due Sept. 2, 2022 linked to the S&P 500 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest is payable annually.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, up to a maximum payout of par plus 17.3%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
The notes will be guaranteed by Goldman Sachs Group, Inc.
Goldman Sachs & Co. LLC is the underwriter.
| Issuer: | GS Finance Corp.
|
| Guarantor: | Goldman Sachs Group, Inc.
|
| Issue: | Fixed-coupon leveraged buffered notes
|
| Underlying index: | S&P 500 Value
|
| Amount: | $2.15 million
|
| Maturity: | Sept. 2, 2022
|
| Coupon: | 1%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of the index return, up to a maximum payout of par plus 17.3%; par if the index declines by 10% or less and 1% loss for every 1% that the index declines beyond 10%
|
| Initial level: | 1,133.623
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Underwriter: | Goldman Sachs & Co. LLC
|
| Fees: | 0.15%
|
| Cusip: | 40056X3Z7
|
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